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Which of the following is fastest mode o...

Which of the following is fastest mode of transactions ?

A

RTGS

B

Cheque payment

C

ATM Cash Withdrawl

D

NEFT

Text Solution

Verified by Experts

The correct Answer is:
A
(a) RTGS stand for 'Real Time Gross Settlement'. RTGS is a fund transfer system where transfer of money takes place from one bank to another on a real time basis. This is the fastest mode of funds transfer available in India through banking channel.
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